Markets

State Seeking Proposals to Help Modernize New York’s Electric Grid and Support the Integration of Clean Energy Resources to Improve Resiliency Supports Green New Deal – a Nation-Leading Clean Energy and Jobs Agenda That Puts New York State on a Path to Carbon Neutrality Governor Andrew M. Cuomo today announced that $5 million is available […]

Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development, the owner of a large and geographically rare underground salt dome in Utah, have teamed to develop a massive project that could store up 1,000 MW of renewable energy year-round and provide it to variability-challenged Western power markets.  The companies this week signed a memorandum of understanding […]

“Without action to provide more support for nuclear power, global efforts to transition to a cleaner energy system will become drastically harder and more costly,” Fatih Birol, executive director of the International Energy Agency (IEA), wrote in his foreword to the IEA’s recently released report titled Nuclear Power in a Clean Energy System. The report […]

Illinois on May 27 became the third state in the nation to pass legislation requiring coal ash protections beyond federal requirements.  The state’s House passed the Coal Ash Pollution Prevention Act (SB 9) in a 77-36 vote on Monday, only weeks after Senate passage of the bill in a 39-9 vote on May 9. The […]

The power industry is changing and power companies must evolve to stay competitive. Many businesses are transitioning from vertically integrated, centralized utility structures to more-distributed models. JEA offers a good case in point. JEA is a not-for-profit, community-owned utility located in Jacksonville, Florida. It serves an estimated 466,000 electric, 348,000 water, 271,000 sewer, and 11,000 […]

Swedish utility Vattenfall will take up deployment of the massive 12-MW Haliade-X offshore wind turbine in Europe, marking a major milestone for GE Renewable Energy’s effort to boost sales of the largest turbine currently on the market.  The two companies agreed to cooperate after a year of “intensive exchanges during which Vattenfall conducted an in-depth […]

Sub-Saharan Africa’s power generation capacity is projected to surge 4% annually through 2040, and its current energy mix—which is today dominated by hydro and coal—will likely be more diversified as interest rises in renewables such as solar and wind, General Electric (GE) said in a white paper surveying market opportunities in the region that it […]

When it comes to gas turbines, size matters. Although the market for large, heavy-duty gas turbines has been challenging in recent years, demand for industrial gas turbines—generally units with output ranging from about 5 MW to 100 MW—has been growing, according to Reed Lengel, product line manager for SCC-800 solutions with Siemens Energy. “When you […]

General Electric, Siemens, and Mitsubishi Hitachi Power Systems confirmed their gas turbine sales for the year’s first quarter, with GE taking the top spot with six orders for its advanced HA-class unit. The three companies on May 14 confirmed the numbers to Reuters. GE, which had no sales in the same period a year ago, […]

In the days following its May 7 announcement that it will spin off its Gas and Power business, Siemens has fleshed out how and when the carveout will occur, laid out its reasons for lumping its energy businesses together, and put forth a market case for why a business separation may be a “win-win” situation […]